Taking everything into account, NEWP scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NEWP is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, NEWP did better than 98% of all other stocks. We also observe that the gains produced by NEWP over the past year are nicely spread over this period.
- NEWP is one of the better performing stocks in the Metals & Mining industry, it outperforms 85% of 157 stocks in the same industry.
- NEWP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NEWP is lagging the market slightly.
- NEWP has an average volume of 1083160 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month NEWP has a been trading in the 3.13 - 4.70 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NEWP has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
2.60
2 important support areas can be observed.
- Support @3.20 from a trend line in the daily time frame.
- A support zone ranging from 2.63 to 2.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for NEWP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NEWP is up. |
| ChartMill Relative Strength | 98.5 | POSITIVE | NEWP has a high relative strength, it outperformed 98.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NEWP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NEWP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NEWP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56 | NEUTRAL | The RSI value for NEWP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests NEWP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 47.5 | NEUTRAL | The Stochastics value for NEWP is a neutral value. |
| Average True Range in percent/ATR (20) | 8.31 | HIGH VOLATILITY | The high ATR as a percentage value for NEWP suggests high volalility. |
| Average Directional Index/ADX (14) | 18.12 | NEGATIVE | The low ADX value for NEWP suggests a weak or negative trend. |
3.98
+0.2 (+5.29%)
NEW PACIFIC METALS CORP / NEWP FAQ
Can you provide the ChartMill technical rating for NEW PACIFIC METALS CORP?
ChartMill assigns a technical rating of 10 / 10 to NEWP.
What is the trend direction for NEWP stock?
The current trend direction for NEW PACIFIC METALS CORP (NEWP) is Bullish.
What is the RSI signal for NEWP stock?
NEW PACIFIC METALS CORP (NEWP) has an RSI value of 55.9977. This indicates that the stock is currently neutral.
Can you provide the short term momentum for NEW PACIFIC METALS CORP?
The short term momentum for NEW PACIFIC METALS CORP (NEWP) is positive.
What are the support and resistance levels for NEW PACIFIC METALS CORP (NEWP) stock?
NEW PACIFIC METALS CORP (NEWP) has a support level at 3.2. Check the full technical report for our detailed analysis of NEWP support and resistance levels.